The study looked at how different days of the week affect stock market returns in India from 2001 to 2012. They found that the Indian stock market does not show consistent patterns of higher or lower returns on specific days. While Wednesday had a positive effect on returns, Monday had the lowest returns but the highest volatility. Friday also sometimes had low returns, suggesting a reverse weekend effect. Overall, the study did not find strong evidence of predictable day-of-the-week effects on stock returns in the Indian market.